Is MCX Futures & Options Trade Speculative or Business Activity?

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Is MCX Futures & Options Trade Speculative or Business Activity?

There is great confusion regarding the nature of Futures & Option (derivative) trades executed through MCX . The confusion has, perhaps, aggravated after the recent decision dt 17/09/2012 by Mumbai Tribunal in case of ACIT vs Arnav Akshay Mehta IT Appeal No. 2742 (Mum.) of 2011 in which the issue was whether the derivative transaction (Futures & Options )

 
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